Defined Benefit Consultant

3 weeks ago

Brighton, Brighton and Hove, United Kingdom LegalAndGeneral Full time

About the Role

We are seeking a highly skilled Defined Benefit Consultant to join our team at Legal & General. As a key member of our Pension Risk Transfer business, you will play a crucial role in developing and implementing transition plans for Defined Benefit pension schemes.

Key Responsibilities

  • Developing scheme-specific transition plans to reconcile member data and accurately record benefits secured
  • Analysing scheme benefits and data to draft legal agreements for administration by Client Services
  • Performing peer reviews to ensure benefit specification and data accuracy
  • Managing scheme progress, including regular reviews and customer communications
  • Supporting new business origination and Transition Managers with administration capabilities and site visits
  • Ensuring timely communication and audit trails throughout the onboarding process
  • Providing MI for continuous improvement across PRT Client Services
  • Keeping internal customers and third parties updated on key information impacting processing
  • Supporting team development with training and support for less experienced members
  • Ensuring customers have tailored information for understanding communications and required actions

Requirements

  • Pension qualification (CII or PMI) or equivalent experience
  • Knowledge of pension regulations for DB schemes, including de-risking requirements
  • Understanding of benefit structures and administration in Defined Benefit schemes
  • Ability to manage tight timescales, prioritise work, and escalate if necessary
  • Accurate and cost-effective service delivery
  • Strong understanding of team and business risks, with a desire to reduce these risks
  • Organisational skills, with project management experience beneficial
  • Clear written and verbal communication skills
  • Customer-focused with ability to maintain and improve relationships

About Us

Legal & General is a leading financial services group and major global investor. We aim to build a better society for the long term by investing our customers' money in things that make life better for everyone. We strive to be open, mindful, and inclusive, and are willing to discuss flexible working arrangements and reasonable accommodations for candidates with specific needs.

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